What is the statute of frauds?

The statute of frauds is a law that requires certain types of agreements and contracts to be in writing in order to be legally enforceable. It is a part of the civil procedure laws of the state of Washington. In Washington, the statute of frauds applies to certain types of contracts, such as those involving real estate, marriage settlements, and contracts for the sale of goods or services for $500 or more. The main purpose of the statute of frauds is to prevent fraud and enforce contracts that have been entered into in good faith. The law requires that the parties enter into an agreement that is written, signed, and witnessed. This helps to protect both the parties from false claims and from accidental or intentional misinterpretation of the terms of the contract. Under the statute of frauds, contracts that are not in writing are generally unenforceable. In the event of a dispute, the courts may not be able to enforce the agreement because there is no evidence of its existence. The statute of frauds also applies to verbal modifications to existing contracts, which must also be in writing and signed by both parties in order to be legally enforceable.

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What is the statute of frauds?

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